PUT OPTION AGREEMENT THIS PUT OPTION AGREEMENT (the Agreement) is made and entered into upon the

[date e.g. 16th] day of [month and year]; BETWEEN: 1. [Name of the purchaser granting the put option], a company incorporated in [country] with registration number [number] and registered office [registered office address] (the Purchaser); and 2. [Name of the seller being granted the put option], a company incorporated in [country] with registration number [number] and registered office [registered office address] (the Seller). [Note that to add an individual rather than a company, their full name and address should be entered] The above named shall collectively be known as Parties, and each a Party. WHEREAS: The Purchaser wishes to grant to the Seller a right to cause the Purchaser to purchase from the Seller the Shares (defined below) on the terms and conditions of this Agreement. [Note that if this put option is being granted as part of a wider deal e.g. as a precondition to an investment, then this should be mentioned here] IT IS HEREBY AGREED as follows: 1. 1.1 Definitions and Interpretation In this Agreement (including the Recitals), except to the extent that the context otherwise requires, the following terms shall have the meanings set forth below: Business Day means a day (other than a Saturday or Sunday) on which banks are generally open in England for the transaction of normal banking business; Option Period means the period starting [start date of the period during which the option may be exercised] and ending [end date of the period] (inclusive of those dates); Put Option Shares means an agreed number of [number of shares] shares being the total number of Shares that shall be subject to the Put Option; Put Option Price means the agreed price of [price per share to be paid by the purchaser for the shares e.g. 1.00 (one Pound Sterling)] being the price per Put Option Share to be paid by the Purchaser to the Seller; Shares means ordinary shares in the capital of [exact name of the issuer of the shares e.g. Acme Ltd.]. 1.2 In this Agreement, unless the context otherwise requires: (a) words importing the singular include the plural and vice versa,

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words importing a gender include every gender; (b) references to a person shall be construed as including references to an individual, firm, issuer, corporation, unincorporated body of persons or any state or any agency thereof; any reference to a statutory provision shall include such provision and any regulations made in pursuance thereof as from time to time modified or re-enacted; headings are for convenience of reference only and shall not affect the interpretation of this Agreement.

(c)

(d)

2. 2.1

Put Option The Purchaser hereby grants an option (the Put Option), for a consideration of [amount to be paid for the option itself, usually nominal e.g. 1.00], in favour of the Seller whereby the Seller has the right to sell to the Purchaser, and upon request the Purchaser must purchase from the Seller, the Put Option Shares at the Put Option Price, in accordance with the terms and conditions of this Agreement. [the following many be added here if the put option is conditional upon something: , subject to one [or all] of the following conditions being met: [then list the conditions below as (a), (b), (c) etc.]

This free sample download put option agreement is an excerpt from our put option agreement template, which you can download in full for just 2.99.

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